Ace Comm Corp (MM) (NASDAQ:ACEC)
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ACE*COMM Corporation (NASDAQ: ACEC), a provider of advanced telecom
operations support and Business Support systems (OSS-BSS) for service
providers and value-added services (VAS) Solutions for wireless
operators, today announced that based on a preliminary review of results
for the fourth quarter ended June 30, the company expects to report
revenue in the range of $3.8 to $4.0 million, an increase of
approximately 26 – 30% over each of the prior
three quarters.
Jim Greenwell, ACE*COMM’s Chief Executive
Officer, commented “We are pleased with the
improving results for the fourth quarter. Earlier in the year we
announced a plan to concentrate our efforts on recurring-revenue
opportunities, particularly in the area of wireless VAS. Since then we
have secured partner relationships in our key strategic channels, and we
are now supporting the deployment of four wireless operators –
double our previous number – with our Patrol
Suite® products, both
directly and through our partners.”
“In addition, our newly developed revenue
management solution, OpenARMS™, continues to
generate strong interest in the mobility space. We are currently engaged
with the company that operates the world’s
largest mobile transaction network for our revenue management solution.
To win this business, we augmented current service delivery platform
applications with Open Source tools that expand the flexibility,
capacity and speed of the functionality. We also won a new broadband
mediation project with a large operator in the Middle East.”
“Because of these improvements in both the
financial and project areas, we expect to achieve similar financial
results for the first quarter of the new fiscal year. Our goal is to be
profitable in our traditional lines of business while investing in the
growth potential of the Patrol Suite®
products. We feel the next 16 months are key to acquiring clients and
setting up the recurring revenue model.”
Steve Delmar, Chief Financial Officer, added, “We
have adjusted the expense base of the company to reflect the objectives
we have established. The $4.2 million we raised last month will enable
us to fund investment in our VAS business. For that business to achieve
our growth plan, it must continue at a pace that matches developments in
the market. We are beginning to see the early results attendant to
sticking with the discipline we have adopted and we are encouraged by
this quarter’s preliminary results.”
About ACE*COMM
ACE*COMM is a global provider of advanced operations systems (OSS) and
service delivery solutions for telecommunications service providers and
enterprises. ACE*COMM’s advanced OSS
solutions are applicable to a range of legacy through next-generation
networks that include wired, wireless, voice, data, multimedia and
Internet communications networks. Network operators use them for revenue
management, cost reduction, improved operational efficiency,
acceleration of time-to-market for new services, and more effective
customer care. ACE*COMM’s service delivery
solutions provide mobile service providers with award-winning, in-demand
consumer-oriented services to help them achieve and sustain market
share, generate new revenue and position themselves as market innovators.
For more than 20 years, ACE*COMM technology has been effectively
deployed for more than 300 customers, spanning more than 4,000
installations in 70 countries worldwide. ACE*COMM-installed products are
currently enabling the success of customers and partners such as
Alcatel, AT&T, Cisco, General Dynamics, IBM, Level 3 Communications,
Marconi, Motorola, Northrop Grumman, Siemens, and Unisys. Headquartered
in Gaithersburg, MD, ACE*COMM has corporate offices in Australia,
Canada, China, and the UK. ACE*COMM is an ISO 9001 quality standard
compliant company. For more information, visit www.acecomm.com.
Except for historical information, the matters discussed in this news
release include forward-looking statements that are subject to certain
risks and uncertainties that could cause the actual results to differ
materially from those projected, including, but not limited to: the
failure of anticipated demand to materialize, delays or cancellations of
orders due to various factors, including business and economic
conditions in the U.S. and foreign countries; industry-wide slowdowns,
any limitations on customers’ financial
resources, the continued convergence of voice and data networks, the
continuing success of the Company’s strategic
alliances for product development and marketing, customer purchasing and
budgetary patterns or lack thereof; pricing pressures and the impact of
competitive products; the timely development and acceptance of new
products; the Company’s ability to adequately
support its operations, and other risks detailed from time to time in
the Company’s Report on Form 10-Q and other
reports filed with the Securities Exchange Commission.